Senior Life Underwriter

DGA; Toronto; Remote; CAD 70,000 - 90,000; Full time

Job summary

A leading company specializing in insurance recruitment is looking for a Life Underwriter, either at a senior or intermediate level. This fully remote opportunity involves assessing financial risks for life insurance products and requires a relevant university degree along with certain professional designations. The chosen candidate will be responsible for timely and informed risk assessments, maintaining strong client relationships, and collaborating on projects, making it essential to possess strong analytical skills and knowledge of the insurance sector. Ideal candidates will have significant underwriting experience and be familiar with the medical terminology pertinent to this field.

Qualifications

• 3+ years work experience as an individual underwriter.
• Knowledge of medical terminology.
• Completion of a university degree in life sciences, nursing, or kinesiology.

Responsibilities

• Assess the mortality and financial risk for individual life insurance products.
• Provide support to the Sales team in managing distribution relationships.
• Participate as an active team member for assigned projects.

Skills

Analytical skills

Problem resolution

Medical terminology

Bilingualism (French and English)

Education

University degree in life sciences, nursing, or kinesiology

FLMI / FALU designation or currently working towards

Tools

Word processing software

Spreadsheet software

Database software

Job description

Life Underwriter (Senior or Intermediate)

100% Work from home Opportunity

FLMI / ALU Designation highly desirable

Scope Statement for the Underwriter is to maintain Company profitability through favourable mortality by reviewing and assessing the financial risk of individual life insurance applications. The incumbent is guided by defined procedural constraints and works under the moderate supervision of the Manager, Retail Insurance operations.

Impact Statement

• Assesses risk in a timely manner to an approval limit for individual life and critical illness policies
• Develops and maintains strong relationships with potential and current clients
• Provides sound risk decisions and related support to the Sales & Marketing and Retail business line teams

Responsibilities include

• Assess the mortality and financial risk for individual life insurance products through analysis of financial and medical information via paper-based, electronic, and telephone underwriting
• Provide support to the Sales team in managing distribution relationships
• Interact with reinsurance providers to spread risk on retention amounts that exceed the company's retention limit
• Consult with Senior team members, Medical Directors, or Technical Lead and Senior Management on questionable situations
• Participate as an active team member for assigned projects
• Review the work of junior team members and provide coaching as required
• Knowledge / Experience / Certification

• 3+ years work experience as an individual underwriter
• Knowledge of word processing, spreadsheet, email, internet, and database computer software
• Well-developed knowledge of medical terminology
• Bilingualism (French and English) an asset
• FLMI / FALU designation or currently working towards

Education / Professional Courses

• Completion of a university degree in life sciences, nursing, or kinesiology
• Well-developed analytical and problem resolution skills

DGA Careers has been proudly serving the Canadian insurance industry for over 30 years, specializing in providing insurance recruiting services to major insurers, insurance brokerage firms, and independent adjusting firms. With offices in Toronto, Vancouver, Montreal, Edmonton, and Calgary, DGA Careers is well positioned to conduct searches with a national scope. Our unrivaled professional network across Canada provides us with the ability to reach vital key influencers and passive candidates nationally.

Information

• City: Toronto
• Job Type: Full-Time
• Education: F.L.M.I.
• Minimum experience required: 3 to 4 Years